1 Trillion Dollar deficit inherited by Obama! Oh, really. Let's look at the facts: 2008 budget deficit was $482 B. TARP was a Loan of $700 odd Billion dollars and shouldn't really be added to the deficit because most of it has been paid back. I believe we are somewhere in the neighborhood of $100 B that won't be paid back, so you can fairly add that to the $482, but that is on $585 B in deficit, not 1 Trillion or even 1.3 Trillion that Obama throws around.
2009 had a 1.3T deficit and next year is projected the same - but Obama inherited the problem....RIGHT!
Fear and Loathing on the Left
1 day ago